Archive for January, 2009
The Best Real Estate Strategies for 2009
While it’s impossible to assess this early in the year exactly what the markets will do, you can still move yourself closer to your eventual goal of overwhelming financial success by focusing on a few strategies that are a good fit based on current market conditions. Then, if conditions suddenly change, you can quickly shift gears on the fly and refocus your investing energies in a way designed to maximize your profit potential.
Now isn’t the time to indiscriminately buy property without knowing ahead of time what you’re getting into. The days of blindly buying property without a plan, a focus, or a goal are gone for the foreseeable future. Investors that violate this common-sense principle are commonly referred to by another term: Broke – or if you prefer – destitute.
Three winning real estate investing strategies for 2009 are in the exciting areas of wholesaling, foreclosures, and shortsales. The reason for this is simple. Millions of people are stuck in bad loans, dire financial circumstances, or are staring at the possibility that they could be laid off or see their jobs shifted overseas. This means that lots of people are screaming out for help – the kind of help you can give them now to help them avoid lasting credit damage or the potential for bankruptcy.
If you’re running a little short in the knowledge department in these three techniques, then you really need to make the early part of 2009 all about you – your hopes, your dreams, and your education. Getting a handle on your hopes and dreams will focus your energies in the right areas and will motivate you to take the proactive steps necessary to achieve them. Then you’ll have the incentive to get serious about learning how – how to do a short sale, how to buy a foreclosure, and how to make big bucks wholesaling real estate.
Where you live doesn’t matter, as long as you can log onto the Internet and you have access to a telephone. You can capitalize on all three of these winning real estate investing strategies for 2009 and you can do it from the comfort and convenience of your own home – and you can do it virtually. So stake your claim to the untold millions of dollars in real estate profits just waiting to be picked up by investors with the know-how and the skills to get it done. Don’t know how? We’ve got you covered. Just go to www.REIconferences.com and we’ll take care of the rest. Make 2009 a watershed year for you and your success. Do it now.
Blessings!
Charrissa Cawley
Virtual Investing and the $500 REO
Are you just getting started as a real estate investor and concerned that your dwindling bank account balance might make investing in today’s economy a pipe dream? If you are, listen up, because bargain properties are everywhere if you just know where to look – and where you live doesn’t matter.
Banks are foreclosing at an astonishing rate and – in the event they can’t work something out with the owner – these properties eventually wind up in the bank’s REO inventory. When this happens, the situation gets very ugly for the lender, especially if the property needs substantial work to make it livable.
To combat this, banks are unloading some of these properties for as little as $500. Places like Indianapolis, Cleveland, Detroit – even Flint, Michigan – have REO properties available for less than 3K. That’s right: $3K. There aren’t just a few available. Hundreds of houses can be had for less than you’d pay for a used car.
So if you’re even considering spreading your wings and seeing just how far you can go as a real estate investor, I strongly encourage you to look into some of these properties. If you don’t think you have the cash to snap up some of these properties, think again. Get creative. Go through your garage or a spare bedroom, gather up things you don’t need or want, and have a yard or garage sale. If you need to, turn your kids upside down and shake the loose change out of their pockets. When they complain, give them a little extra computer or TV time and tell them that they’re investing in their inheritance.
With so many bargains available today, buy one or two with cash on hand. No money for repairs? Give yourself a short-term loan by financing rehab costs with a credit card. You can pay yourself back pretty quickly. You might do a quick fix and flip or take out a home equity loan when you’re done.
The good news is, with prices this low, your options are wide open. It doesn’t matter if you live near these properties. With the advent of the Internet age, you can live anywhere you like and make a small fortune in real estate – and you can do it virtually. The days of investing only in your local community are over. The Internet makes every step of the process easy – and profitable.
So get off the couch and get into gear. If you don’t want to spend the rest of your life looking back and wishing you had taken advantage of the opportunity to guarantee your financial future, act today. You may not be able to get your hands on a government bailout, but this is actually better. When bailout cash is gone – it’s gone. The wealth you can create with a few well-planned and executed real estate investments can pay you back for the rest of your life.
Then you can pay your kids back for the loose change you commandeered.
If you’re not sure about how to invest virtually – or you want to explore some of the other real estate tips and tricks that can take you to astounding financial heights, go to www.REIconferences.com. The advice is timely, the information is practical, and the resources are more plentiful than foreclosed houses in today’s market.
So what are you waiting for? Take charge of your future. You’ll be glad you did.
Blessings!
Charrissa Cawley
Playing Dodgeball With Uncle Sam
Every year at this time, real estate investors start thinking about all the ways they might be able to avoid paying taxes on their real estate profits. They go to almost ridiculous extremes – from trying to rationalize a business purpose for that weekend getaway to digging through a shoebox filled with receipts. Small expenses can help minimize a tax bill.
While you’re looking for them, keep this in mind: There are other things you could be doing that can help you build generational wealth – while avoiding the wrath of the tax man.
When you sell a property for a profit there’s a nasty little demon called the capital gains tax that has to be paid. For years now, real estate investors have used depreciation and the 1031 exchange as a means of avoiding taxation; many times until they die.
This is a good strategy to use on leveraged property purchases, but sometimes you get a really good deal and opt to simply pay cash for a property acquisition. Wouldn’t it be great to avoid capital gains taxes – and live to spend the money? Before you call the men in white suits, listen up: Under the right circumstances, you can.
By using a self-directed Roth IRA to purchase real estate – and placing your capital gains back into the IRA when you sell, you can effectively avoid paying capital gains taxes. By following a few simple rules you can avoid the tax man and live to enjoy the fruits of your labors – without the risk of incurring the wrath of Uncle Sam.
Click on over to www.REIconferences.com and see some of the other money-saving resources that are available to you. Real estate investing doesn’t have to be a taxing proposition. Maximizing your income for the short term and creating real wealth you can enjoy in this lifetime are available. You can do it today. Come learn how.
Blessings!
Charrissa Cawley
